Smith Electric (RE) Estimated Warranty Payable of Si 200 at the end of 2016 Ogling 2016 RE made sales of 6110 000 and expects product warranties to cost the company 2% of the sales During 2016 RE paid 52.700 foe warranted What is RE's Estimated Warranty Payable at the end of 2016?

A. $700

B. $2,200

C. $2,700

D. $3,400

Answer rating: 100% (QA)

Beginning warranty 120... View the full answer